Cryptocurrency Q&A
What USDT is on Coinbase?
What USDT is on Coinbase?
BonsaiGrace
Thu Dec 05 2024
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5
answers
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USDT on Coinbase refers to the digital asset Tether, which is a stablecoin pegged to the US dollar at a 1:1 ratio. Coinbase supports the conversion of USDT to USDC at no cost, aiming to promote the adoption of digital dollars. USDT, issued by Tether, is widely used in crypto transactions and provides stability similar to traditional fiat currencies.
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5 answers
Valentina
Sat Dec 07 2024
Tether (USDT) is a digital asset that operates on the Ethereum blockchain.
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JejuJoyfulHeartSoulMate
Fri Dec 06 2024
It is designed to maintain a stable value, equivalent to one U.S. dollar. This makes it a popular choice for traders and investors seeking to avoid the volatility associated with other cryptocurrencies.
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SumoMight
Fri Dec 06 2024
The issuer of Tether claims that each USDT token is backed by traditional financial assets, such as bank reserves and loans. This is intended to provide reassurance to users that the value of their holdings will remain stable.
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Daniele
Fri Dec 06 2024
The backing of Tether by real-world assets is a key selling point for the cryptocurrency. It aims to offer a bridge between the digital and traditional financial worlds, allowing users to enjoy the benefits of blockchain technology without exposing themselves to excessive risk.
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amelia_harrison_architect
Fri Dec 06 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. Among these are spot trading, futures trading, and a wallet service. These services cater to the diverse needs of the cryptocurrency community, from casual traders to professional investors.
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